BDO Nomura Review – Online Trading Platform: I’m sharing here my honest review using BDO Nomura, the newest online trading platform from BDO and Nomura Holdings of Japan.
I have introduced this online trading platform recently and there were lots of comments and reactions from our fellow readers and followers. Many were thrilled asking about how to open BDO Nomura account online.
If you are one of the many people who are excited to use this online trading platform, perhaps this could be heads up for you.
Note that this review is based from my personal POV, you might find out some pros and cons of using BDO Nomura Trading Platform. I also discussed some of my favorite features using BDO Nomura online.
BDO Nomura Review
Easy Account Opening
It was so easy and quick to open an account online for this trade platform. Compared to other online brokers, I didn’t have to submit copies of my IDs and proof of funds.
I was surprised I did not have to provide my TIN (Tax ID Number) as well. SIMPLY because, the major requirement is an existing BDO Online Banking Account and my TIN was already on my file at BDO.
It makes sense because BDO is already keeping some copies of your IDs and personal and financial records on their database.
As long as your BDO Online Banking account is updated with your latest and most updated mobile phone, you won’t be having any problem registering an account for BDO Nomura.
Took me few minutes and my account was approved. Here’s the easy guide I made for you “How to Open BDO Nomura Account Online“
No Minimum Fund Required
Unlike other online brokers that require 5,000 or above initial fund, BDO Nomura doesn’t require you trade money right away.
Obviously because you have elected a settlement account from your existing accounts in BDO. That and your other BDO accounts are good sources of your funds.
Some banks like BPI (for BPITrade) and Metrobank (MetroSec) don’t require initial funds from existing clients as well in terms of opening a trading account.
Great Market Research
I have been a long time client of BDO and I have other types of investments with it so I don’t expect less of their Market Research Team.
BDO Nomura has some very helpful and useful market news – daily, weekly and monthly market research. Inside their PSETradex platform, you will find helpful updates and guides as well like beginners guide to Fundamental and Technical Analysis and stock market trading and Investments PDF guides.
Like other online brokers, BDO Nomura also runs on PSETradex platform which in my personal approach is very classic for its look and is kinda not user-friendly.
Thankfully, you can select a theme color for your dashboard to make everything easy on the eyes unless you want that black classic look.
PSETradex is very fast to load in real time. I like checking out stock info, price movements, scoreboards.
It’s cool that you can actually flip tabs you have visited, too. You will enjoy finding out and learning more info about stocks and companies using PSETradex.
Blazing speed is what I love most of this trading platform. You can analyze charts in volume, %change, MACD, DI, DMI, and ADX very quick because everything loads faster.
Weird PIN Code Request
I received an email about a PIN Code Change Request. I thought it was a spam because I did not request for a thing.
Knowing it came from PSETradex, I kept the email and just waited for BDO Nomura email for my account activation.
But BDO Nomura did not send an email indicating my account activation even though on the first email they said they would.
So I tried to use the PIN code PSEtradex sent me to change my PIN Code. It worked.
For this part, I think BDO Nomura must mention on their Welcome Email that you will receive an email from PSETradex about your activation.
I always like extra layer of security and protection so having an OTP when you log in at BDO Nomura is important to safeguard your account and your investments.
You will receive an OTP (One Time Password) every time you log in otherwise report to BDO if you find unauthorized log in attempts.
BDO Nomura Stays Active
I’m also impressed that this platform remains active even if I left my desktop or window idle for a long time. If you open a new tab, even if there is inactivity on your PSETradex, it still remains on and you are still logged in.
BDO Nomura Review Final words:
Overall, I like BDO Nomura except for the weird PIN change request I received. I’m currently using it for flipping stocks for short term.
Since it’s a fresh portfolio and a fresh start, I am into putting 10K fund to flip without adding more funds. I want to grow that money and see how far it could build itself by flipping stocks.
While I also have other portfolio elsewhere like COL Financial, it’s cool to try and build money from scratch using a new different online broker like BDO Nomura.
I think it will be a cool platform for intermediate investors or expert traders but not for beginners. Nevertheless, all things have room for improvement. Let’s wait and see how this platform would evolve.
Share your reviews about BDO Nomura in the comments. Are you guys using it, too? How do you find it so far?